JNBA Financial Advisors Lowers Holdings in Mastercard Incorporated $MA

JNBA Financial Advisors trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 8.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 566 shares of the credit services provider’s stock after selling 55 shares during the period. JNBA Financial Advisors’ holdings in Mastercard were worth $318,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MA. Brighton Jones LLC lifted its position in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Mastercard by 19.9% in the first quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock worth $8,226,000 after purchasing an additional 2,493 shares during the last quarter. Zhang Financial LLC increased its holdings in shares of Mastercard by 17.0% in the first quarter. Zhang Financial LLC now owns 2,024 shares of the credit services provider’s stock worth $1,109,000 after purchasing an additional 294 shares during the last quarter. Arvest Investments Inc. bought a new stake in shares of Mastercard in the first quarter worth about $624,000. Finally, Compagnie Lombard Odier SCmA increased its holdings in shares of Mastercard by 121.4% in the first quarter. Compagnie Lombard Odier SCmA now owns 1,948 shares of the credit services provider’s stock worth $1,068,000 after purchasing an additional 1,068 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. KeyCorp lifted their target price on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. Wells Fargo & Company lifted their target price on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, TD Cowen reaffirmed a “buy” rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and a consensus target price of $634.04.

Mastercard Trading Down 1.4%

Shares of NYSE MA opened at $556.80 on Friday. The business’s 50 day moving average is $581.01 and its two-hundred day moving average is $562.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The stock has a market capitalization of $503.35 billion, a P/E ratio of 37.55, a PEG ratio of 2.31 and a beta of 0.97.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. During the same period in the previous year, the firm posted $3.50 earnings per share. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is 20.50%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.